by Dan Mitchell | May 3, 2019 | Blogs, Economics, Free Market, Socialism
In a column for the New York Times, Jochen Bittner writes about how a rising star of Germany’s Social Democrat Party wants the type of socialism that made the former East Germany an economic failure. Socialism, the idea that workers’ needs are best met by the...
by Dan Mitchell | May 2, 2019 | Big Government, Blogs, Economics, Socialism
Since I think comparative economics can be very enlightening, I’m quite pleased to see a new study by David Burton of the Heritage Foundation, which uses several metrics to assess the relative merits of socialism and free enterprise. This is not necessarily an easy...
by Dan Mitchell | May 1, 2019 | Blogs, Economics
I have a very low opinion of leftist politicians, in large part because I suspect most of them privately understand their policies don’t work, but they don’t care because their main goal is the accumulation of political power (Crazy Bernie is an exception since he...
by Dan Mitchell | Apr 28, 2019 | Uncategorized
Looking through an economic lens, what’s the best country in the world? If your benchmark is economic liberty, then Hong Kong is the answer according to both the Fraser Institute and Heritage Foundation. If per-capita GDP or per-capita wealth is your benchmark,...
by Dan Mitchell | Apr 25, 2019 | Big Government, Blogs, Economics, Free Market, Socialism, Welfare and Entitlements
I’ve repeatedly dealt with the argument over Denmark’s supposed socialism. My core argument is that Denmark is very bad on fiscal policy, but very laissez-faire on other issues such as regulation. The net effect is that Danes have about the same amount of economic...
